Norconsult ASA

OB:NORCO Stock Report

Market Cap: NOK 10.7b

Norconsult Past Earnings Performance

Past criteria checks 2/6

Norconsult has been growing earnings at an average annual rate of 11.6%, while the Construction industry saw earnings growing at 11% annually. Revenues have been growing at an average rate of 9.3% per year. Norconsult's return on equity is 18%, and it has net margins of 4.9%.

Key information

11.65%

Earnings growth rate

9.86%

EPS growth rate

Construction Industry Growth1.52%
Revenue growth rate9.32%
Return on equity18.03%
Net Margin4.94%
Next Earnings Update20 Aug 2026

Recent past performance updates

Recent updates

Narrative Update Jun 15

NORCO: Planned 2026 Cash Dividend Will Support Future Share Price Upside

Analysts have kept Norconsult's price target steady at around NOK 45.33, with small tweaks to the discount rate, revenue growth, profit margin assumptions, and future P/E expectations informing this unchanged view. What's in the News The Board of Directors of Norconsult ASA plans to propose a cash dividend of NOK 1.80 per share for the financial year at the Annual General Meeting on 4 May 2026.
Narrative Update Jun 01

NORCO: Hydropower Advisory Win And Dividend Plan Will Support Future Upside

Analysts have trimmed their price target for Norconsult to about NOK45.30 from NOK51.50. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples.
Analysis Article May 15

Earnings Miss: Norconsult ASA Missed EPS By 8.8% And Analysts Are Revising Their Forecasts

Norconsult ASA ( OB:NORCO ) shareholders are probably feeling a little disappointed, since its shares fell 5.5% to...
Analysis Article Feb 15

Norconsult (OB:NORCO) Has Announced That It Will Be Increasing Its Dividend To NOK1.80

The board of Norconsult ASA ( OB:NORCO ) has announced that it will be paying its dividend of NOK1.80 on the 1st of...
Narrative Update Aug 27

Expanding Infrastructure And Renewable Energy Will Shape Future Markets

A higher net profit margin and a slightly increased future P/E multiple have supported an upward revision in Norconsult’s consensus analyst price target from NOK49.17 to NOK51.50. What's in the News Norconsult was selected by HENT to provide major engineering consultancy services for the construction of NRK's new media house in Oslo, a NOK 100 million contract, with completion expected by 2029.
Analysis Article Aug 23

Norconsult ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Norconsult ASA ( OB:NORCO ) investors will be delighted, with the company turning in some strong numbers with its...
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New Narrative Aug 11

Expanding Infrastructure And Renewable Energy Will Shape Future Markets

Strategic expansion in renewables, infrastructure, and targeted acquisitions strengthens Norconsult's market position, geographic reach, and long-term revenue stability.
Analysis Article May 23

Norconsult's (OB:NORCO) Strong Earnings Are Of Good Quality

Norconsult ASA ( OB:NORCO ) just reported healthy earnings but the stock price didn't move much. We think that...
Analysis Article May 18

Revenue Beat: Norconsult ASA Exceeded Revenue Forecasts By 10% And Analysts Are Updating Their Estimates

Norconsult ASA ( OB:NORCO ) just released its latest quarterly results and things are looking bullish. It was a...
Analysis Article Nov 21

There May Be Some Bright Spots In Norconsult's (OB:NORCO) Earnings

Soft earnings didn't appear to concern Norconsult ASA's ( OB:NORCO ) shareholders over the last week. Our analysis...
Analysis Article Oct 12

Is Norconsult ASA (OB:NORCO) Trading At A 33% Discount?

Key Insights Norconsult's estimated fair value is kr55.69 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article May 22

There May Be Some Bright Spots In Norconsult's (OB:NORCO) Earnings

Shareholders appeared unconcerned with Norconsult ASA's ( OB:NORCO ) lackluster earnings report last week. We did some...

Revenue & Expenses Breakdown

How Norconsult makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OB:NORCO Revenue, expenses and earnings (NOK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2611,888587230
31 Dec 2511,411651230
30 Sep 2511,076705180
30 Jun 2510,805624180
31 Mar 2510,731650180
31 Dec 2410,418496180
30 Sep 2410,227367260
30 Jun 249,946396260
31 Mar 249,596336260
31 Dec 239,574516260
30 Sep 239,277502260
30 Jun 239,075504260
31 Mar 238,874581260
31 Dec 228,424454260
31 Dec 217,42234200
31 Dec 206,93229800
31 Dec 196,28933300
31 Dec 185,32674600
31 Dec 174,62426300
31 Dec 164,23623200
31 Dec 153,97522300

Quality Earnings: NORCO has high quality earnings.

Growing Profit Margin: NORCO's current net profit margins (4.9%) are lower than last year (6.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NORCO's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: NORCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NORCO had negative earnings growth (-9.7%) over the past year, making it difficult to compare to the Construction industry average (43.1%).


Return on Equity

High ROE: NORCO's Return on Equity (18%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 17:06
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Norconsult ASA is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Johan StrömCarnegie Investment Bank AB
Simen MortensenDNB Carnegie